Westwater Resources, Inc. · AMEX:WWR
Westwater Resources — FY2021 Earnings Presentation
22 slides from Westwater Resources's earnings presentation, Feb 14, 2022
Slide 1: 2021 Results Presentation
ENERGY MATERIALS FOR THE 21ST CENTURY 2021 RESULTS PRESENTATION FEBRUARY 14, 2022 Terence Cryan – Executive Chairman Elect Chris Jones – President and CEO Chad Potter – President and CEO Elect Jeff Vigil – Vice President Finance and CFO 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. F
Slide 3: Opening Message
OPENING MESSAGE • Succession Plan Execution • Chris Jones Retiring as President and CEO • Terence Cryan elected Executive Chairman • Chad Potter elected President and CEO 3
Slide 4: Ensuring the Safety of Our Employees
WESTWATER – ENSURING THE SAFETY OF OUR EMPLOYEES • To ensure the health and safety of our employees and the communities where we work: • We continue to ensure that our employees are permitted and encouraged to take time off due to illness or the illness of those around them without penalty. 4
Slide 5: Ensuring the Health and Growth of Our Business
WESTWATER – ENSURING THE HEALTH AND GROWTH OF OUR BUSINESS • We continue to advance battery graphite product development schedule: • We completed the Definitive Feasibility Study for our Graphite Processing Facility and approved the construction of Phase I. • We secured the site for our intended pro
Slide 6: Stock & Financial Snapshot
STOCK & FINANCIAL SNAPSHOT Share Price Shares outstanding 1 35.3 million $1.93 (2/11/2022) Market Capitalization Options/RSUs 1 662,580 $68 million (2/11/2022) Cash and Equivalents $115.3 million Debt $0 Liquidity (3 Mo. Avg.) 0.8 million shs/day 52 Wk Hi-Low $9.04 - $1.88 1 Shares and Options/RSUs
Slide 7: Financial Summary
FINANCIAL SUMMARY ($ in 000, Except for Share Amounts) 2021 2020 Variance Net Cash Used in Operations $(16,916) $(15,183) 11% Product Development Expenses $(5,975) $(4,049) 48% General and Administrative (1) $(8,875) $(7,343) 21% Net Loss from Continuing Operations $(16,144) $(13,912) 16% Net Loss f
Slide 8: WWR Core Values
WWR CORE VALUES Our Core Values are based on Continuous Improvement in: - Each Other - Our Environment - Our Assets - The Communities Where We Work - Our Reputation - Effective and efficient use of our shareholders’ assets - Focus on first quartile cost performance - Highest level of performance eve
Slide 9: Executing Our Business Plan
EXECUTING OUR BUSINESS PLAN • Feasibility Study Complete • Construction of Phase I approved by the Board • Construction began on December 1, 2021 • On Schedule for completion in Q2 2023 • Samples are in potential customers’ hands • First LOI for product sale in place 9
Slide 10: Kellyton, Alabama Selected for Graphite Processing Plant Site
KELLYTON, ALABAMA SELECTED FOR GRAPHITE PROCESSING PLANT SITE On June 22, 2021 community leaders from the State of Alabama, Coosa County, Alexander City and the Lake Martin Industrial Development Board celebrated the unveiling of the project with the Westwater/Alabama Graphite Products management te
Slide 11: Kellyton Project Site
KELLYTON PROJECT SITE Original Kellyton Site Footprint Building A Building B Future Site of Kellyton Processing Facility Showing Purchased Buildings 11
Slide 12: Coosa Graphite Project Key Attributes
COOSA GRAPHITE PROJECT KEY ATTRIBUTES Proprietary Technology • High Purity Conversion • Simple and Robust Process Cost Advantage • U.S. Manufactured Battery Grade Graphite • Vanadium Potentially Improves Project Economics Sustainability • Environmentally Sustainable Process 12
Slide 13: Battery Markets Are Growing – Graphite Is a Critical Component
BATTERY MARKETS ARE GROWING – GRAPHITE IS A CRITICAL COMPONENT • 23% growth rate expected over next 10 years Transportation • Predominantly Lithium Ion Batteries • US Government and Automakers announced a goal of 50% of all autos sold will Electric Vehicle by 2050 • 11% growth rate expected over the
Slide 14: Graphite Is a Major Component of All Batteries
GRAPHITE IS A MAJOR COMPONENT OF ALL BATTERIES Why Graphite Matters: • A critical component of all types of batteries including lead-acid, alkaline power cells and non-rechargeable lithium cells. • Coated Spherical Purified Graphite (CSPG) is a critical component in lithium-ion batteries. * • The US
Slide 15: The Coosa Graphite Project Provides Key Advantages
THE COOSA GRAPHITE PROJECT PROVIDES KEY ADVANTAGES The Coosa Graphite Project is a near-term source of domestic U.S. battery-grade graphite • Samples are under evaluation at potential customers. • Westwater’s graphite will be produced in the United States using environmentally sustainable processes.
Slide 16: Proprietary Purification Technology
PROPRIETARY PURIFICATION TECHNOLOGY ¡ Westwater has developed a new technology for graphite purification. ¡ We have filed a Patent Application with the U.S. Patent and Trademark Office for this technology: Ø Our purification methodology has a more sustainable footprint than those currently used in C
Slide 17: Business Plan for the Coosa Graphite Project - Overview
BUSINESS PLAN FOR THE COOSA GRAPHITE PROJECT - OVERVIEW • Project Plan • Westwater’s Feasibility Study, led by Samuel Engineering, is Complete. • Phase I construction has begun. Expected completion in Q2 2023. • Expected Coated Spherical Purified Graphite production increased from previous plans to
Slide 18: Our Team Going Forward: Tenured Leadership
OUR TEAM GOING FORWARD: TENURED LEADERSHIP Terence J. Cryan • Joined WWR as Chairman in 2017 Executive Chairman • An experienced CEO; Extensive public company board experience • 20+ year career in investment banking and private equity • MSc. Econ. London School of Economics Chad M. Potter • Joined i
Slide 19: Experience Matters
EXPERIENCE MATTERS Energy minerals exploration and development requires discipline and diligent capital stewardship: • We have restructured and recapitalized the Company, positioning Westwater as a green energy materials company – with a laser focus on battery-grade graphite products. • Experienced
Slide 20: Why Westwater as an Investment?
WHY WESTWATER AS AN INVESTMENT? • We have a battery-grade graphite development business with strong upside potential • Graphite has been designated a critical mineral by the U.S. Government. • Proven management team with experience in energy minerals development and financial management. • Anticipat
Slide 21: Questions?
RESOURCES QUESTIONS? 21
Slide 22: Contact Us
ENERGY MATERIALS FOR THE TWENTY-FIRST CENTURY Contact Us Westwater Resources Contacts: Investor Relations Contact: Terence J. Cryan, Executive Chairman (elect) Michael Porter Chad M. Potter, CEO & President (elect) Porter, LeVay and Rose Jeffrey L.Vigil,VP Finance & CFO Phone: 212.564.4700 Email: In